Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 190,555 shares, a growth of 34.2% from the March 15th total of 141,952 shares. Currently, 21.4% of the shares of the company are sold short. Based on an average daily volume of 1,164,711 shares, the short-interest ratio is currently 0.2 days.

Boxlight Stock Down 5.0%

BOXL stock opened at $1.14 on Wednesday. Boxlight has a twelve month low of $0.95 and a twelve month high of $60.90. The company has a market cap of $1.08 million, a PE ratio of -0.01 and a beta of 0.94. The business’s 50-day simple moving average is $1.32 and its 200 day simple moving average is $4.27.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings data on Monday, April 13th. The company reported ($10.52) EPS for the quarter. The firm had revenue of $26.63 million for the quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BOXL. Wall Street Zen lowered shares of Boxlight from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Boxlight has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Anson Funds Management LP bought a new position in Boxlight during the 3rd quarter worth approximately $802,000. Cary Street Partners Financial LLC acquired a new stake in shares of Boxlight in the third quarter valued at approximately $72,000. Finally, Scientech Research LLC acquired a new stake in shares of Boxlight in the third quarter valued at approximately $33,000. Institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.